Steven Madden (NASDAQ:SHOO) Upgraded to Strong-Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded Steven Madden to “strong-buy” from “buy,” although the broader analyst consensus remains “hold” with an average price target of $49.75.
• Steven Madden reported quarterly EPS of $0.44, beating estimates of $0.33, while revenue rose 19.1% year over year to $665.87 million and exceeded expectations.
• Shares opened at $48.58, up 0.7%, near the company’s 52-week high of $49.70. Institutional investors own 99.88% of the stock, while insiders have sold 15,356 shares worth $717,204 over the past three months.

Steven Madden (NASDAQ:SHOO - Get Free Report) was upgraded by analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research note issued on Saturday.

Several other research firms have also weighed in on SHOO. Weiss Ratings reiterated a "hold (c)" rating on shares of Steven Madden in a report on Friday, July 17th. Zacks Research downgraded shares of Steven Madden from a "strong-buy" rating to a "hold" rating in a report on Tuesday. Piper Sandler set a $55.00 price target on shares of Steven Madden and gave the company an "overweight" rating in a research report on Wednesday. Williams Trading set a $56.00 price objective on Steven Madden in a report on Monday. Finally, BTIG Research reiterated a "buy" rating and issued a $50.00 price objective on shares of Steven Madden in a research report on Monday, July 27th. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $49.75.

Steven Madden Stock Up 0.7%

Shares of SHOO opened at $48.58 on Friday. Steven Madden has a 52-week low of $24.50 and a 52-week high of $49.70. The company has a quick ratio of 1.13, a current ratio of 1.91 and a debt-to-equity ratio of 0.13. The stock has a fifty day simple moving average of $43.67 and a two-hundred day simple moving average of $40.06. The company has a market capitalization of $3.56 billion, a PE ratio of 24.41 and a beta of 1.14.

Steven Madden (NASDAQ:SHOO - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The textile maker reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.11. Steven Madden had a net margin of 5.23% and a return on equity of 13.85%. The firm had revenue of $665.87 million for the quarter, compared to analysts' expectations of $635.39 million. During the same quarter in the previous year, the company posted $0.20 EPS. The company's revenue was up 19.1% compared to the same quarter last year. Steven Madden has set its FY 2026 guidance at 2.050-2.150 EPS. As a group, equities analysts forecast that Steven Madden will post 2.14 EPS for the current year.

Insider Activity at Steven Madden

In other Steven Madden news, Director Al Ferrara sold 3,918 shares of Steven Madden stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $48.26, for a total transaction of $189,082.68. Following the completion of the sale, the director directly owned 26,197 shares in the company, valued at $1,264,267.22. This trade represents a 13.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Arian Simone Reed sold 1,250 shares of the business's stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $48.76, for a total transaction of $60,950.00. Following the completion of the sale, the director directly owned 8,196 shares in the company, valued at $399,636.96. This trade represents a 13.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 15,356 shares of company stock worth $717,204. 2.21% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SHOO. EverSource Wealth Advisors LLC grew its stake in shares of Steven Madden by 86.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,045 shares of the textile maker's stock valued at $25,000 after buying an additional 485 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in Steven Madden during the 4th quarter valued at about $30,000. Global Retirement Partners LLC grew its position in Steven Madden by 1,064.3% in the 4th quarter. Global Retirement Partners LLC now owns 815 shares of the textile maker's stock valued at $34,000 after acquiring an additional 745 shares in the last quarter. First Horizon Corp increased its stake in Steven Madden by 55.1% during the fourth quarter. First Horizon Corp now owns 892 shares of the textile maker's stock worth $37,000 after purchasing an additional 317 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in Steven Madden by 79.4% during the fourth quarter. Farther Finance Advisors LLC now owns 983 shares of the textile maker's stock worth $41,000 after purchasing an additional 435 shares during the period. 99.88% of the stock is currently owned by institutional investors and hedge funds.

Steven Madden Company Profile

Steven Madden, Inc NASDAQ: SHOO is a New York–based designer and marketer of fashion footwear, handbags and accessories. The company's product portfolio spans a range of contemporary and lifestyle brands for women, men and children, including its core Steve Madden label as well as the Madden Girl and Dolce Vita brands. In addition to footwear, the company licenses its trademarks for use on apparel, eyewear and other fashion accessories.

Steven Madden distributes its products through multiple channels, including wholesale partners, e-commerce platforms and its own brick-and-mortar retail stores.

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